Business insolvencies rising to levels not seen since Great Recession

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 14 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 173%
  • Publisher: 92%

Canadian News Notícia

Canada News,Breaking News Video,Canadian Breaking News

Insolvencies had hit a low point early in the COVID-19 pandemic because of government-support programs and rock-bottom interest rates – both of which are now gone

According to the federal Office of the Superintendent of Bankruptcy, 2,003 business insolvencies were filed from Jan. 1 to March 31 of this year. Of those, 1,599 were bankruptcies and 404 were proposals, which is a legal option to negotiate lower debt repayment with creditors.

The sector with the highest number of insolvencies was accommodation and food services, with 357, or about 18 per cent of the total. Other industries with a high number of insolvencies included construction , transportation and warehousing , retail and manufacturing .

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 5. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Business insolvencies spike in first quarter, consumer insolvencies also riseOTTAWA — Business insolvencies surged 87.2 per cent year-over-year in the first quarter of 2024, while consumer insolvencies rose 14 per cent.
Fonte: SooToday - 🏆 8. / 85 Consulte Mais informação »

Business insolvencies spike in first quarter, consumer insolvencies also riseOTTAWA — Business insolvencies surged 87.2 per cent year-over-year in the first quarter of 2024, while consumer insolvencies rose 14 per cent.
Fonte: PGCitizen - 🏆 65. / 51 Consulte Mais informação »

Business insolvencies in Canada spike in first quarter, consumer insolvencies also riseData from the Office of the Superintendent of Bankruptcy released Friday shows business insolvencies totalled 2,003, with 1,599 of those being bankruptcies
Fonte: globebusiness - 🏆 31. / 66 Consulte Mais informação »

Business insolvencies spike in first quarter, consumer insolvencies also riseOTTAWA — Business insolvencies surged 87.2 per cent year-over-year in the first quarter of 2024, while consumer insolvencies rose 14 per cent.
Fonte: BurnabyNOW_News - 🏆 14. / 77 Consulte Mais informação »

Business insolvencies spike in first quarter, consumer insolvencies also riseOTTAWA — Business insolvencies surged 87.2 per cent year-over-year in the first quarter of 2024, while consumer insolvencies rose 14 per cent. Data from the ...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Business insolvencies spike in first quarter, consumer insolvencies also riseBusiness insolvencies surged 87.2 per cent year-over-year in the first quarter of 2024, while consumer insolvencies rose 14 per cent.
Fonte: BNNBloomberg - 🏆 83. / 50 Consulte Mais informação »